Daniel Loeb

Daniel Loeb

Last Update: 08-14-2015

Number of Stocks: 49
Number of New Stocks: 14

Total Value: $10,618 Mil
Q/Q Turnover: 17%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Daniel Loeb Watch

  • Dan Loeb Buys T-Mobile During Second Quarter

    Activist investor Daniel Loeb (Trades, Portfolio) founded hedge fund Third Point LLC in 1995, which today manages about $17 billion in assets. The firm’s strategy involves identifying situations with a catalyst that will unlock value.


    Loeb is well-known for penning scathing public letters to CEOs and companies he disapproves of, prompting Vanity Fair to publish excerpts of his top 10 letters in a 2013 feature.

      


  • Stocks Gurus Are Buying - Part I

    According to GuruFocus' All-in-One screener, the following stocks were six of the most popular among the gurus during the past three months. 



      


  • Dan Loeb Sees Opportunity in Latest Target Baxter International

    Serial 13D-filer Daniel Loeb (Trades, Portfolio) defended shareholder activism in his July letter and moved on to his next target, Baxter International (NYSE:BAX), on Tuesday.


    The company of which Loeb’s Third Point purchased 37,925,000 shares – a 7% stake costing $1.52 billion – has already shaken itself up somewhat. It spun off its biopharmaceutical business, Baxalta (NYSE:BXLT), on July 1, and is focusing on home, hospital and in-center therapies. Its board has also formed a working group to search for a new CEO, as its current chief executive, Bob Parkinson, 64, has spent 11 years at the company.

      


  • Daniel Loeb's Third Point Second Quarter Investor Letter

    Review and Outlook


    On June 1st, Third Point completed its 20th year of investing. Since we like numbers, we will share some statistics about our performance. Over the past two decades, we have generated annualized returns of 20.5%, cumulative returns of over 4000%, and gross trading profits of over $12 billion for our investors. Over the same period, the S&P 500 had annualized returns of 9.1% and cumulative returns of 475%. Our average monthly return has been 1.6% and our average quarterly return has been 5.0%, each roughly double the S&P’s return over the same periods. Finally, we have done this with a correlation to the S&P of only 0.4.1

      


  • A Look at June's Hedge Funds Returns

    The $3 trillion hedge-fund industry tumbled probably due to two important effects. On the one hand, Greece’s debt situation and on the other hand the recent performance of the Chinese stocks. In simple words, June was a bad month for stocks and for hedge funds, too.


    The Hedge Fund Research HFRI Weighted Composite Index dropped 1.3% and that percentage is its worst monthly loss since June 2013. In June, the HFRI Macro Index fell 2.4% and ended with the year to date gains of that index. In line with this, the SPDR S&P 500 ETF Trust (SPY) returned a negative 2.5% in June, but the total returns for the index for the year through Jul 14 was 2.3%.

      


  • Martin Whitman Recent Buy: Masco Corp

    Martin Whitman (Trades, Portfolio) is founder and portfolio manager of the Third Avenue Value Fund. Whitman is a 1949 graduate of Syracuse University, which recently renamed its School of Management after Whitman, after a large gift from him in June 2003. He is an adjunct faculty member at Yale School of Management.


    During 2015 Q2 the investor bought a big stake of Masco Corp (MAS) with an impact of 2.13% on his portfolio. He bought 1,479,930 shares that is the 0.43% of outstanding shares of the company. Since that buy, the price of the stock didn’t face any change.

      


  • Daniel Loeb Parts With Stake in Alibaba

    Hedge fund manager Daniel Loeb (Trades, Portfolio), the founder and chief executive of Third Point LLC, a New York-based hedge fund with a $14 billion portfolio, is known for his public letters that have been critical of CEOs and other investment managers. His approach to investing is event-driven and value-oriented.


    While he has said he is only interested in making money for his investors, his personal portfolio activity in the first quarter shows he is also interested in making money for himself as well.

      


  • FedEx Is a Long-Term Buy

    In this article let's take a look at FedEx Corporation (NYSE:FDX), the leader in global express delivery services, which provides guaranteed domestic and international air express, residential and business ground package delivery, heavy freight and logistics services.


    Although revenue increased, when compared to the same quarter one year before, it was below the forecast. Also, the company reported weaker earnings than expected from analyst estimates. Earnings of $2.66 per share missed estimates of $2.68. Among the reasons we found were the currency translation and the falling fuel surcharges. After the earnings were released, the stock price plummeted by 3% to $176. In what we consider a five-year period, EPS has grown by 14% annually.

      


  • Dan Loeb increases his stake in Roper Industries

    Daniel Loeb (Trades, Portfolio) is a well-known activist investor. He founded Third Point LLC in 1995 and leads the firm’s research activities, portfolio, and risk management. Third Point’s total assets are more than $2.2 billion, and Loeb’s personal net worth is $2.3 billion.


    Last quarter, Loeb bought 300,000 shares of Roper Industries (NYSE:ROP). As of March 31, 2015, he was holding 1.6 million shares of the company. The following chart shows Dan Loeb's holding history in the company.

      


  • Daniel Loeb's New Positions for 1QFY15

    Daniel Loeb (Trades, Portfolio) of Third Point, LLC recently added nine new positions to his portfolio during 1QFY15. He currently owns 40 stocks and his portfolio has a total value around $10.76 billion and a 14% quarter over quarter turnover.


    27.2% of Loeb's portfolio is made up of stocks in the healthcare sector. Next is the consumer cyclical sector, which consists of 14.3% of his portfolio and basic materials, which is 12.3% of the portfolio.

      


  • Daniel Loeb's Third Point First Quarter 2015 Commentary

    First Quarter 2015 Investor Letter

    I founded Third Point on June 1, 1995 with $3.4 million in capital from five intrepid investors – all close friends and family – and my own nest egg. My goals were to compound at 20% and grow to $20 million in assets. Nearly twenty years later, we have been able to meet our initial return goals (despite over-shooting our asset base target) as a result of remarkable individuals who have come together to form our team. The keys to our success have been remaining entrepreneurial, creative, committed to organizational and individual improvement, rigorous about our process, and singularly focused on achieving superior risk-adjusted returns for our investors.

      


  • Manning & Napier Jump Into Alibaba

    Manning & Napier Advisors Inc. was founded in 1970 and as of December 31, 2014 the company was managing $47.8 billion in assets. The portfolio is composed of 369 stocks and has a Q/Q Turnover of 29%.


    During 1Q2015, the company traded many stocks, but the main addition was to Alibaba Group Holding Ltd. (BABA), with an increase of 11489.89%, which resulted in a weight of 0.65% to the portfolio. BABA is part of the Retail – Apparel & Speciality sector.

      


  • Should You Buy EBay Post Recent Analyst Upgrade?

    Recently, Susquehanna analyst James Friedman upgraded his rating on eBay (NASDAQ:EBAY) to buy from neutral. He also raised his stock price target to $75, which implies significant upside from the current levels. Friedman is bullish about Paypal's business prospects once it demerges from eBay.


    In addition to positive sell side commentary eBay has also seen a lot of interest from fund managers of late. Last quarter, Seth Klarman (Trades, Portfolio), Daniel Loeb (Trades, Portfolio), Larry Robbins (Trades, Portfolio), Leon Cooperman (Trades, Portfolio), NWQ Managers (Trades, Portfolio), Jana Partners (Trades, Portfolio), PRIMECAP Management (Trades, Portfolio), Murray Stahl (Trades, Portfolio), RS Investment Management (Trades, Portfolio) and Louis Moore Bacon (Trades, Portfolio) increased their stake in the company.

      


  • A look at Daniel Loeb's investment in Delta Airlines

    Airline companies are notorious for burning cash. Serial Entrepreneur Richard Branson once said, "If you want to be a millionaire, start with a billion dollars and launch a new airline". With falling oil prices, things appear to have been turning around for the sector. Most of the airline stocks have seen good run up over the last few months backed by improved profitability. Many big name investors are now looking for quality names in the sector.


    Last quarter, Billionaire Hedge fund manager Daniel Loeb (Trades, Portfolio) initiated a position in Delta Airlines (DAL) by buying 3.85 million shares. This is the first time he has taken a stake in the company.

      


  • Analyzing Daniel Loeb's Top Buys: Masco Corporation

    Daniel Loeb (Trades, Portfolio) is well known activist investor. He founded Third Point LLC in 1995 and leads the firm’s research activities, portfolio, and risk management. Third Point’s total assets are more than $2.2 billion, and Loeb’s personal net worth is $2.3 billion.


    Last quarter, Loeb bought 1.9 mn shares of Masco Corporation (NYSE:MAS). As of December 31, 2014, he was holding 10 mn shares of the company. The following chart shows Dan Loeb's holding history in the company.

      


  • Daniel Loeb's Comments on Fanuc

    During the fourth quarter we invested in Fanuc ( FANUY), the leading factory automation and robotics company in the world with a market capitalization of $33 billion and an enterprise value of $25 billion. Based in Japan and spun out of Fujitsu in the 1970’s, Fanuc is a unique company with a long history of being the best and fastest to market in everything it does. Its visionary founder describes the Company’s mission as “walking the narrow path,” which refers to its relentless focus on producing only a limited number of products that are technically superior with the lowest possible cost structure. This targeted innovation combined with a strong emphasis on reliability and service has made virtually all of Fanuc’s products blockbusters. While serving completely different, cyclical markets, Fanuc reminds us of Apple in its product approach.


    In its core Factory Automation division, Fanuc has capitalized on structural growth in automation by creating a huge moat in Computerized Numerical Control (“CNC”) systems and servo motors. It has become the global standard for machine tool control software and motors with a worldwide market share of 60%. The Company has built a global service/aftermarket support organization that is unrivaled by competitors in a business where switching costs are high. The division’s revenue correlates closely to Japanese machine tool orders, which are on the rise for multiple reasons including strong demand from the US and a depreciating yen. Additionally, Chinese factory automation is a substantial growth opportunity as rising wages, low productivity, and quality issues force companies in the region to automate. To get a sense of the opportunity: China’s CNC penetration rate of 30% today equals Japan’s levels 40 years ago. Fanuc is expanding CNC capacity by 40% in the next twelve months to meet these higher demand levels. Fanuc’s Robots division has achieved a cumulative sales growth of 60% in the past two years, capitalizing on a robust opportunity set across all major economies. In China, automotive industry robot density is still at less than 15% of the levels seen in Japan, while general industry robot density is at less than 5% of Japan’s. In Japan, capital equipment replacement demand, some re-shoring of manufacturing and labor shortages are creating multiple drivers for robot demand. The resurgence in US manufacturing is also providing strong demand, as automotive and general industry customers are increasing orders for lifting, picking, welding, painting, and dispensing robots. Virtually every large manufacturing footprint expansion in North America – from Airbus to Ford to Tesla – is taking place with Fanuc’s robots. Fanuc’s internal development of low cost full artificial vision systems and collaborative robots makes it best positioned to drive adoption in industries that have traditionally been unable to automate. We think that these innovations will double the size of the Robots division in only a few years.

      


  • Investors Should Bet on this New York City-Based Insurer

    In this article, let's take a look at American International Group, Inc. (NYSE:AIG), a $75.29 billion market cap company that is a leading international insurance organization, which was rescued by various government entities in the financial crisis of 2008.


    Reverting 2008 crisis

      


  • Analyzing Daniel Loeb's Top Picks: eBay Inc (EBAY)

    Daniel Loeb (Trades, Portfolio) founded Third Point LLC in 1995 and leads the firm’s research activities, portfolio, and risk management. He is well known for his public letters in which he criticizes company CEOs or other investment managers. Third Point’s total assets are more than $2.2 billion, and Loeb’s personal net worth is $2.3 billion. Loeb and Third Point focus on activist investing, and follows an event-driven, value-oriented investment style. Loeb identifies situations in which a catalyst will unlock value. Last quarter Daniel Loeb (Trades, Portfolio) increased his holdings in eBay (NASDAQ:EBAY) by 122%. He currently holds 10 mn shares of the company. Here's a look at the company in detail.


    Company overview

      


  • Paul Tudor Jones Is Betting on the SPY, Should You?

    Over the past days hedge funds have been filing their form 13-F, which is a quarterly report of equity holdings by filed institutional investment managers with at least $100 million in equity assets under management, as required by the United States Securities and Exchange Commission (SEC).


    Hedge funds bought more than 15 million shares of the SPDR S&P 500 ETF Trust (SPY) worth $3.4 billion last quarter, according to data from 13-F filings compiled by Bloomberg. This ETF was the third-biggest aggregate increase in position by market value.

      


  • Why Hedge Fund Titans Like Delta Airlines (DAL)

    With crude prices declining, many investors are getting interested in airline stocks. Delta Airlines (NYSE:DAL), in particular, has seen many big name investors like Daniel Loeb (Trades, Portfolio), Julian Robertson (Trades, Portfolio), John Griffin (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), Ken Heebner (Trades, Portfolio) and Whitney Tilson (Trades, Portfolio), buying its shares last quarter. The company's stock price has gained ~300% since the beginning of 2013, but its relative valuation is still one of the lowest among all S&P Industrial companies (see graph below).


    Delta's Relative Valuation versus S&P industrials

      


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